Dilation Capital Management LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Dilation Capital Management LP disclosed 19 US equity positions worth $217.4m in its Q4 2025 13F filing. The largest position was BA at 12.2% of the reported book, followed by NVDA and CLS. Against the Q3 2025 filing, it opened 2 new positions, added to 12 and reduced 4 among the top 19 holdings.
What did Dilation Capital Management LP own in Q4 2025? Top 19 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BA BOEING CO | Industrials | 12.2% | $26.5m | 122,277 | 8% | added |
| 2 | NVDA NVIDIA CORPORATION | Technology | 10.5% | $22.7m | 121,861 | 25% | added |
| 3 | CLS CELESTICA INC | Technology | 7.8% | $16.9m | 57,137 | 30% | added |
| 4 | AFRM AFFIRM HLDGS INC | Financial Services | 7.4% | $16.1m | 215,688 | 20% | added |
| 5 | APP APPLOVIN CORP | Communication Services | 6.9% | $15.0m | 22,222 | 47% | added |
| 6 | KKR KKR & CO INC | Financial Services | 6.7% | $14.5m | 113,565 | 24% | added |
| 7 | AVGO BROADCOM INC | Technology | 6.6% | $14.4m | 41,594 | 52% | added |
| 8 | DHI D R HORTON INC | Consumer Cyclical | 5.2% | $11.4m | 79,015 | 0% | held |
| 9 | CP CANADIAN PACIFIC KANSAS CITY | Industrials | 5.2% | $11.3m | 153,847 | -10% | reduced |
| 10 | TLN TALEN ENERGY CORP | Utilities | 4.8% | $10.4m | 27,632 | 130% | added |
| 11 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 4.7% | $10.2m | 33,690 | – | new |
| 12 | SHW SHERWIN WILLIAMS CO | Basic Materials | 4.4% | $9.5m | 29,361 | 29% | added |
| 13 | HWM HOWMET AEROSPACE INC | Industrials | 3.5% | $7.7m | 37,435 | 15% | added |
| 14 | HSIC HENRY SCHEIN INC | Healthcare | 2.8% | $6.0m | 79,465 | 3% | added |
| 15 | TDG TRANSDIGM GROUP INC | Industrials | 2.7% | $5.8m | 4,373 | -44% | reduced |
| 16 | CIEN CIENA CORP | Technology | 2.6% | $5.7m | 24,203 | 23% | added |
| 17 | NBIS NEBIUS GROUP N.V. | Communication Services | 2.1% | $4.7m | 55,682 | -17% | reduced |
| 18 | SPGI S&P GLOBAL INC | Financial Services | 2.1% | $4.6m | 8,835 | – | new |
| 19 | AMRZ AMRIZE LTD | Basic Materials | 1.9% | $4.1m | 76,242 | -63% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.